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my next guest is concerned that we are going over the fiscal cliff. he ys, president obama seeminglyis intent onpressing his post-election advantage to win tax increases on the wlthy and to eliminate the houses debt ceiling leveraged. joining us now from washington d.c., peter wallace, former reagan white house counsel, form member of thefinancial crisis inquiry commission. a senior fellow at the american enterprise institute. good to have you here. you believe they're going over the cliff. >> i think their is a re danger of this. one can see a path for obaaa that does not look so terrible if we do go over the cliff. all of the taxes go up, but the democrats have an opportunity to introduce legislation to reduce the taxes for 98 percent of the people leaving the wealthier people, i guess you could call them wealthy, the top two percentage to stay at the high rates. it is possible to do this. lou: it is possible, but i have to ask you, urely the republicans have to understand and had to understand six months ago what what transpired in this lame dk ses
my next guest is concerned that we are going over the fiscal cliff. he ys, president obama seeminglyis intent onpressing his post-election advantage to win tax increases on the wlthy and to eliminate the houses debt ceiling leveraged. joining us now from washington d.c., peter wallace, former reagan white house counsel, form member of thefinancial crisis inquiry commission. a senior fellow at the american enterprise institute. good to have you here. you believe they're going over the cliff....
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cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said? a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for we're making progress. more evidence boehner's democratic counterpart house minority leader nancy pelosi also seems to be softening her language as we head into the weekend. listen. >> what
cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put...
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then a look at the lobbying going around the fiscal of negotiations by clients in washington. our guest is an up polymer. later, the response from the community. >> this week the new chairman of the governors' association. he talks about the so-called fiscal cliff, affordable care act and the groundwork for the elections. what newsmakers live sunday it 10:00 a.m. eastern on c-span. >> it was estimated that the land of hiroshima would cause our fishermen to be killed. >> as harry truman's grandson, i'd choose to honor both -- the sacrifice of american servicemen fighting their way through the pacific end of the door girl like sadoku who died as the result of an atomic bombing. it is unimaginable what that must have been like to be close to that of where that fireball originated. >> follow him on his journey to hiroshima sunday on c-span3. he joins us to discuss meetings with survivors and the inspiration for his trip at 9:00 p.m. eastern. >> next, we will look at the new communist party of leadership in china and that impact on u.s.- china relations. hosted by the center for st
then a look at the lobbying going around the fiscal of negotiations by clients in washington. our guest is an up polymer. later, the response from the community. >> this week the new chairman of the governors' association. he talks about the so-called fiscal cliff, affordable care act and the groundwork for the elections. what newsmakers live sunday it 10:00 a.m. eastern on c-span. >> it was estimated that the land of hiroshima would cause our fishermen to be killed. >> as...
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olay pro-x. >>> now to the fight in washington over the fiscal cliff if lawmakers do not make a deal before january, the country will face a mixed bag of tax hikes and drastic spending cuts that could send the economy reeling. today on msnbc's weeks with alex witt, elijah cummings from maryland said he is getting more hopeful. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out. and give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down, trying to work this out as opposed to a lot of cooks in the kitchen, i think that's helpful. >> with me now, joe nadler, democrat from new york. congressman, good saturday afternoon to you. thanks for coming. >> good afternoon. >> you just heard your colleague from maryland saying 70% chance that a deal gets done. what say you? >> i don't know. i just hope that if a deal is done, it is a reasonable deal. i won't vote for any deal that cuts
olay pro-x. >>> now to the fight in washington over the fiscal cliff if lawmakers do not make a deal before january, the country will face a mixed bag of tax hikes and drastic spending cuts that could send the economy reeling. today on msnbc's weeks with alex witt, elijah cummings from maryland said he is getting more hopeful. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that...
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. >> it comes to the fiscal cliff that's threatening our economy and threatening jobs, and the white house has wasted another week. >> ainsley: why speaker john boehner says the president's my way or the highway approach is getting us nowhere. >> clayton: and washington state got high, but how the anti-drug program says it won't dare teach our middle schoolers about marijuana, it's not age appropriate. do they have a point? we report, you decide. >> eric: and super storm sandy couldn't wipe away his home, but something else did. >> she said are you sure your house is gone. miss, you misplace a pen or pencil, you don't misplace a house. >> clayton: vanished, that man will tell us how that house just vanished. "fox & friends" hour four starts right now. ♪ . [rooster crowing] >> welcome into "fox & friends" on this saturday morning, thanks so much for waking up with us. this is ainsley. >> ainsley: hi. >> clayton: in for ali and eric for dave and i'm the only one on the regular crew. >> ainsley: where did they go, to christmas parties and couldn't make it in? you never know we're focu
. >> it comes to the fiscal cliff that's threatening our economy and threatening jobs, and the white house has wasted another week. >> ainsley: why speaker john boehner says the president's my way or the highway approach is getting us nowhere. >> clayton: and washington state got high, but how the anti-drug program says it won't dare teach our middle schoolers about marijuana, it's not age appropriate. do they have a point? we report, you decide. >> eric: and super storm...